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FTSE 100 – Upside break, but remain cautious

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE 100 - Daily Technical Chart Momentum: MACD: Sell RSI: No clear trend Stochastic: Buy signal, moving into overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,248.3 Last relevant low: 6,061.9 Comment: London’s leading market pushed higher yesterday closing at a yearly high as traders took heart by the latest inflation figures. From a technical point of the view the market closed outside its recent range, as well as at a year high and we could be looking at an upside

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